Monad (MON)

About Monad

Monad is a high-performance Layer 1 blockchain designed to process 10,000 transactions per second with near-zero fees while maintaining security and decentralization. It achieves this through parallel execution of transactions, separating agreement from execution, and using a custom database called MonadDB. Monad is fully EVM-compatible, allowing Ethereum applications to run without modification and users to connect with familiar wallets like MetaMask. The network runs on consumer-grade hardware to encourage broader participation. Monad has raised approximately $244 million in funding, including a $19 million seed round led by Dragonfly Capital and a $225 million Series A led by Paradigm.

Token standard

native

• Monad processes multiple transactions simultaneously through parallel execution, unlike traditional blockchains that process one at a time.
• Monad separates the agreement process from the execution process, allowing validators to agree on transaction order first and then execute them without slowing consensus.
• Monad uses a custom-built database called MonadDB to dramatically increase throughput while maintaining accuracy.
• Monad is fully EVM-compatible, meaning Ethereum applications work on Monad without any code modifications.
• Monad runs on consumer-grade hardware, making it accessible for more people to participate in securing the network.

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